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(Solved): Use the bond pricing formula and Table 66 to calculate the number of years (to the nearest 1/1000 ...
Use the bond pricing formula and Table 6–6 to calculate the number of years (to the nearest 1/1000th of a year) between the Monday, July 19, 2010, settlement date and the maturity date on the Massachusetts Development Finance Agency revenue bonds maturing on January 1, 2040.
TABLE E-E Municipal Bond Quote Tax Exempt Bonds Friday, July 16, 2010 \begin{tabular}{lccrrr} Issue & Coupon & Maturity & Price & Change & Bid Yield \\ Broward Cnty FL half-cent sales tax rev & & & & & \\ CA State GO Ser 2010 & & & & & \\ California Hlth Facs Fing Auth ref rev b & & & & & \\ California Hlth Facs Fing Auth ref rev b & & & & & \\ Chester Co Hlth \& Ed Facs PA hlth sys re & & & & & \\ Clark Cnty NV passenger facility charge & & & & & \\ Colorado Hlth Facs Auth rev Ser 10A & & & & & \\ Cook Cnty IL gen oblig ref bds Ser 10 A & & & & & \\ Dallas TX wtr \& swr sys rev ref bds Ser & & & & & \\ Delaware River Port Auth PA \& NJ rev bds & & & & & \\ Delaware River Port Auth PA \& NJ rev bds & & & & & \\ Forsyth MT poll cntrl rev ref bds Ser 98 & & & & & \\ Hawaii Dept of Budget \& Fin spec purp re & & & & & \\ Louisiana Loc Govt Envir Facs \& Comm hos & & & & & \\ Louisiana Loc Govt Envir Facs \& Comm hos & & & & & \\ Maricopa Cnty Poll Cntrl Corp AZ pcr ref & & & & & \\ Maryland Hlth \& Hgr Educ Facs rev Ser 10 & & & & & \\ Massachusetts Dept of Transp metropolita & & & & & \\ Massachusetts Dev Fin Agcy rev bds Ser 1 & & & & & \\ Michigan St Hosp Fin Auth rev ref Ser 09 & & & & & \\ \hline \end{tabular}